The
global cocoa market is studied in a new report by Transparency Market
Research (TMR). The report is titled, ‘Cocoa Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 -
2019.’ The study presents a detailed overview of the market’s
historical development trajectory and its current and projected size.
An in-depth analysis of these statistics is used to derive insightful
information about the cocoa market’s future growth. The report also
covers various other important aspects of the market, including an
analysis of the competitive landscape.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1390
New
entrants in the global cocoa market face entry barriers owing to the
fundamental constraint on supply. Cocoa is exclusively grown in the
geographic band near the equator owing to the climatic and rainfall
requisites of this crop. Thus, Southeast Asia, West Africa, and parts
of Central and South America are key producers of cocoa. The threat
of substitutes is likely to remain low as there is no popular
substitute for cocoa. Players in the market are focusing on product
innovation.
Cocoa
is used for making cocoa powder, butter, oil, liqueur, liquor, and
chocolates such as sweet, dark, and milk chocolate. Cocoa products
are in demand because they contain a high concentration of
flavonoids, which makes them beneficial for consumers with
cardiovascular issues. The global cocoa market is anticipated to be
driven by a high demand for chocolate and chocolate coatings across
the globe. The consumption of chocolate confectionary is directly
linked with the per capita incomes. Countries with lower incomes tend
to display a variable response towards the consumption of chocolate,
and subsequently the demand for cocoa is also variable. However, the
growing per capita income of consumers not only in developed nations,
but also in emerging markets is expected to boost the global cocoa
market.
While
the widespread uses of cocoa will drive the market, factors such as
high sugar content in cocoa-based products may impede the growth of
the global cocoa industry. The huge gap between the demand and supply
of cocoa is also restraining the growth of the cocoa
market. In addition to this, the volatility in cocoa prices will
also hamper the demand. Extreme weather, pests, and political
instability in cocoa producing countries are responsible for the
fluctuating cocoa prices.
The
report profiles key players in the cocoa manufacturing industry such
as Archer Daniels Midland Company, Wilbur Chocolate Company Inc.,
Petra Foods Limited, Organic Commodity Products Inc., Blommer
Chocolate Company, Delfi Cocoa, Barry Callebaut AG, Dagoba Organic
Chocolate, Transmar Commodity Group Ltd, and Ghirardelli Chocolate
Company.
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